Bharat Forge is currently trading at Rs. 709.60, up by 7.80 points or 1.11% from its previous closing of Rs. 701.80 on the BSE.
The scrip opened at Rs. 705.50 and has touched a high and low of Rs. 712.05 and Rs. 704.80 respectively. So far 20723 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 848.00 on 10-Nov-2021 and a 52 week low of Rs. 555.60 on 19-Apr-2021.
Last one week high and low of the scrip stood at Rs. 725.50 and Rs. 679.30 respectively. The current market cap of the company is Rs. 33014.89 crore.
The promoters holding in the company stood at 44.76%, while Institutions and Non-Institutions held 43.54% and 11.69% respectively.
Bharat Forge has received approval from board of directors for issuance of 2,000 listed, rated, unsecured, redeemable, non-convertible debentures (NCDs) of face value Rs 10,00,000 each, aggregating to Rs 200 crore on a private placement basis. The company has also received approval for availing of unsecured term loan up to an amount of Rs 200 crore. The Investment Committee - Strategic Business of the Company, has in its meeting held on April 02, 2022, discussed and approved the same.
Bharat Forge is engaged in manufacturing of close die and open die forging, crankshafts, front axle beams, steering knuckle, connecting rods, rocker arm and many more components.
